The decentralized exchange Balancer shared a post and confirmed that it lost $900k after disclosing the vulnerability found last week.
Balancer reported the vulnerability that affected several pools publicly on August 22. Balancer said it is aware of the exploit and that previously executed mitigation processes have drastically reduced its effect on the protocol’s funds.
However, it was unable to pause the affected pools. Despite the precautions, the attacker has drained an estimated amount of $900k. The balancer team asks users to remove liquidity from the exposed v2 pools.
These at-risk assets were distributed across multiple networks, encompassing Ethereum, Polygon, Arbitrum, Optimism, Avalanche, Gnosis, Fantom, and zkEVM.
The Ethereum address of the hacker drew attention due to receiving significant transfers of Dai (DAI) stablecoins, amounting to $636,812 and $257,527. These transactions raised the balance to $893,978 for that address.
The data from Etherscan shows that the attacker has transferred $900K from stolen funds to a new address.
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